WICHITA — The recession has been a perfect storm for sinking baby boomers’ retirement funds, just as the first of the 77 million boomers are preparing for retirement. Wichita State personal finance expert Rick Lecompte said many baby boomers’ 401-K retirement accounts took huge losses and instead of retiring, boomers may have to work longer. He said those who are close to retirement need to protect themselves from a repeat by cutting percentage of their investments in common stock or equities. Those younger than 60 may have to take more investment risks in hopes of getting higher returns to catch up, he said.
